{"id":433149,"date":"2025-09-18T07:57:13","date_gmt":"2025-09-18T07:57:13","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/433149\/"},"modified":"2025-09-18T07:57:13","modified_gmt":"2025-09-18T07:57:13","slug":"stocks-rise-as-bank-of-england-expected-to-leave-uk-interest-rates-on-hold","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/433149\/","title":{"rendered":"Stocks rise as Bank of England expected to leave UK interest rates on hold"},"content":{"rendered":"\n

Stocks in Asia were mixed overnight, with the Nikkei (^N225<\/a>) rising 1.2% on the day in Japan, while the Hang Seng (^HSI<\/a>) fell 1.4% in Hong Kong, erasing earlier gains. The Shanghai Composite (000001.SS<\/a>) was 1.2% down by the end of the session.<\/p>\n

In South Korea, the Kospi (^KS11<\/a>) added 1.4% on the day.<\/p>\n

It came as Australia’s unemployment rate remained stable at 4.2% in August, but employment unexpectedly declined, with the economy losing approximately 5,400 jobs, including a drop of 41,000 in full-time positions, despite an increase in part-time roles.<\/p>\n

The report implies that the labour market may be gradually softening.<\/p>\n

There is no change to the house view of a November, February and March series of 25bps cuts to a 2.85% terminal rate but the report leans on the dovish side.<\/p>\n

Additionally, New Zealand\u2019s economy contracted more than anticipated in the second quarter, as weak manufacturing activity and declining export volumes largely counterbalanced modest growth in private spending.<\/p>\n

The economy contracted 0.9% compared to the previous quarter, worse than the expected 0.3% decline, and reversing the revised 0.9% increase from the previous quarter. Furthermore, GDP decreased 0.6% year-on-year, falling short of expectations that growth would remain stable. GDP had also declined 0.6% in the first quarter.<\/p>\n

Across the pond on Wall Street, the S&P 500 (^GSPC<\/a>) fell 0.1%, and the tech-heavy Nasdaq (^IXIC<\/a>) was 0.3% down after the Federal Reserve cut interest rates for the first time this year. The Dow Jones (^DJI<\/a>) gained 0.6% by the close.<\/p>\n","protected":false},"excerpt":{"rendered":"Stocks in Asia were mixed overnight, with the Nikkei (^N225) rising 1.2% on the day in Japan, while…\n","protected":false},"author":2,"featured_media":433150,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5008],"tags":[147215,936,748,57136,393,1880,4884,25547,78137,147214,40702,16,15],"class_list":{"0":"post-433149","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-england","8":"tag-alan-taylor","9":"tag-bank-of-england","10":"tag-britain","11":"tag-deutsche-bank","12":"tag-england","13":"tag-ftse-100","14":"tag-great-britain","15":"tag-monetary-policy-committee","16":"tag-mpc","17":"tag-swati-dhingra","18":"tag-threadneedle-street","19":"tag-uk","20":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115224238039656045","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/433149","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=433149"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/433149\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/433150"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=433149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=433149"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=433149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}